GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Camtek Ltd (NAS:CAMT) » Definitions » Cyclically Adjusted PS Ratio

Camtek (Camtek) Cyclically Adjusted PS Ratio : 18.06 (As of Apr. 30, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Camtek Cyclically Adjusted PS Ratio?

As of today (2024-04-30), Camtek's current share price is $82.70. Camtek's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $4.58. Camtek's Cyclically Adjusted PS Ratio for today is 18.06.

The historical rank and industry rank for Camtek's Cyclically Adjusted PS Ratio or its related term are showing as below:

CAMT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.58   Med: 2.7   Max: 19.16
Current: 18.04

During the past years, Camtek's highest Cyclically Adjusted PS Ratio was 19.16. The lowest was 0.58. And the median was 2.70.

CAMT's Cyclically Adjusted PS Ratio is ranked worse than
95.26% of 675 companies
in the Semiconductors industry
Industry Median: 2.28 vs CAMT: 18.04

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Camtek's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.795. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $4.58 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Camtek Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Camtek's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Camtek Cyclically Adjusted PS Ratio Chart

Camtek Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.44 6.78 12.69 5.27 15.14

Camtek Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.27 6.58 8.08 13.77 15.14

Competitive Comparison of Camtek's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, Camtek's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Camtek's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Camtek's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Camtek's Cyclically Adjusted PS Ratio falls into.



Camtek Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Camtek's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=82.70/4.58
=18.06

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Camtek's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Camtek's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.795/129.4194*129.4194
=1.795

Current CPI (Dec. 2023) = 129.4194.

Camtek Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.724 99.695 0.940
201406 0.759 100.560 0.977
201409 0.734 100.428 0.946
201412 0.674 99.070 0.880
201503 0.712 99.621 0.925
201506 0.776 100.684 0.997
201509 0.748 100.392 0.964
201512 -0.117 99.792 -0.152
201603 0.692 100.470 0.891
201606 0.561 101.688 0.714
201609 0.594 101.861 0.755
201612 0.608 101.863 0.772
201703 0.596 102.862 0.750
201706 0.641 103.349 0.803
201709 0.655 104.136 0.814
201712 0.719 104.011 0.895
201803 0.750 105.290 0.922
201806 0.832 106.317 1.013
201809 0.873 106.507 1.061
201812 0.896 105.998 1.094
201903 0.912 107.251 1.101
201906 0.910 108.070 1.090
201909 0.826 108.329 0.987
201912 0.840 108.420 1.003
202003 0.762 108.902 0.906
202006 0.926 108.767 1.102
202009 1.000 109.815 1.179
202012 1.162 109.897 1.368
202103 1.289 111.754 1.493
202106 1.507 114.631 1.701
202109 1.583 115.734 1.770
202112 1.603 117.630 1.764
202203 1.603 121.301 1.710
202206 1.653 125.017 1.711
202209 1.697 125.227 1.754
202212 1.701 125.222 1.758
202303 1.496 127.348 1.520
202306 1.517 128.729 1.525
202309 1.643 129.860 1.637
202312 1.795 129.419 1.795

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Camtek  (NAS:CAMT) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Camtek Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Camtek's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Camtek (Camtek) Business Description

Industry
Traded in Other Exchanges
Address
Ramat Gavriel Industrial Zone, P.O. Box 544, Migdal HaEmek, ISR, 23150
Camtek Ltd is engaged in the manufacturing of metrology and inspection equipment and a provider of software solutions serving Advanced Packaging, Memory, (complementary metal oxide semiconductor) CMOS Image Sensors, (micro-electro mechanical systems) MEMS, RF, and others. Geographically, it derives maximum revenue from the Asia Pacific followed by the United States and Europe. The company products and services include Surface Inspection, Bump Inspection and Metrology, and others.